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Norwalk nets Warren's first E85 station
By AARON W. JACO • Record-Herald Staff Writer • December 19, 2007
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Norwalk is expected to get a bit more "green" this winter as the Kum & Go gas station along Iowa Highway 28 activates the first E85 pump in Warren County.
The fuel tank is ready to go but Kum & Go general manager Jody Eagle said she wasn't sure when the pump would be shipped and installed.
Demand for E85, a fuel made from 85 percent ethanol and 15 percent gasoline, is on the rise, and more than 75 stations in Iowa are stocking it. Experts say E85 is an environmentally friendly alternative to gasoline.
The Norwalk pump will boost flex-fuel car sales in the area, said Marv Perry, general manager at Holmes Chevrolet.
Holmes Chevrolet plans to move to Norwalk next year from its current location in Indianola.
"We've had a lot of customers that are asking about where they can buy E85, and the nearest place we had up to this time, I believe, was Hy-Vee on Jordan Creek Parkway," Perry said. "I certainly hope someone in Indianola follows suit and adds an E85 pump or pumps here. A huge percentage of the Chevrolets we sell are E85 compatible."
Customers sometimes shy away from buying E85 vehicles because there's nowhere to fill them up, said Steve Hoover, sales manager at Noble Ford Mercury in Indianola.
"E85 is a great thing," Hoover said. "It's coming and it's going to be big. We just have to have more places to sell it. There's not a real big market for it right now because there's not that many filling stations that have it."
Nearly 2 million gallons of E85 were sold in Iowa last year, up from about 670,000 gallons in 2005, said Shannon Textor, market development director for Iowa Corn Growers Association and the Iowa Corn Promotion Board.
Corn growers say with ethanol mandate, industry positioned well
Thursday, January 3, 2008, 10:29 AM
by Julie Harker
The Missouri Corn Growers Association says economics was the driving force for many gasoline stations in the state to begin offering a 10 percent ethanol blend at the pumps months before the mandate went into effect January first. MCGA’s public policy director Ashley McCarty says ethanol costs less and consumers will notice the difference, "Thanks to the passage and now implementation of the law, they'll be seeing decreased costs at the pump because there's 10 percent more supply, in our state's fuel supply. And, there is generally, I think right now, approximately a 50 cent discount of regular unleaded gasoline-and-ethanol."
McCarty says Missouri’s ethanol industry is positioned for tremendous growth, "We are one of only three states in the nation to have a 10% ethanol standard statewide, so we are positioned well. We can also be very proud that our ethanol industry is majority farmer-owned, every single plant. So, not only is the fuel produced here at home, the profits from that production stay here in our state and here with our state's farmers, right where they need to be."
So confident is the ethanol industry in the economical cost of ethanol, McCarty says, that a provision in the law would lift the ethanol blend requirement if the cost ever exceeds that of petroleum-based gasoline. She says that’s not likely to happen.
WestLB Closes USD 113 Million Senior Debt Facility for Arkalon Ethanol
Wednesday December 19, 5:15 pm ET
Construction Over 90 Percent Complete
NEW YORK, NY--(MARKET WIRE)--Dec 19, 2007 -- WestLB announced today that it closed a USD 113 million senior debt facility for Arkalon Ethanol, LLC (Arkalon). The facility includes a USD 97 million term loan for the construction of the plant as well as a USD 16 million working capital facility for operations. The non-recourse financing will be used for the construction of a 110 million gallon per year (MGPY) state-of-the-art corn/milo-based dry mill ethanol plant located in Liberal, Kansas. WestLB acted as Sole Bookrunner and Administrative Agent on this financing. WestLB was also a Joint Lead Arranger together with Merrill Lynch.
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The plant, which is over 90 percent complete, has its first grind scheduled for this week with commercial operation expected in February 2008. The plant, strategically located near the Union Pacific railroad, has direct access to the premium Texas and California ethanol markets, significant grain feedstock and a large distiller's grain market, making this project very attractive to investors.
Arkalon is being equipped with rail loops providing unit train and 24 hour loading and unloading capabilities. Kansas is the ninth largest corn producing state and the largest milo producing state. Over 139 million bushels of corn and 31 million bushels of milo are grown within a 75 mile radius of Liberal.
"This transaction demonstrates that WestLB is able to structure financings that appeal to investors even in volatile markets," said Manish Taneja, Global Head of Loan Syndications. "We are very pleased with the success of this transaction."
The plant's attractive location includes its proximity to large feedlots, providing a strong local distiller's grains market from approximately 1.8 million head of cattle in a 100 mile radius of Liberal. Arkalon expects to sell 90 percent of its distiller's grains in wet form to local markets via truck, and approximately 70 percent of annual feedstock is expected to be supplied locally.
"The success of this deal was driven by the strength of the project and the persistence of the team in driving it to closure," says Carter Cheek, a partner at Silveron Capital Partners, which advised Arkalon Energy on the debt placement.
About Merrill Lynch
Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 38 countries and territories, and total client assets of almost USD 2 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world's largest publicly traded investment management companies, with more than USD 1 trillion in assets under management. For more information on Merrill Lynch, please visit http://www.ml.com/.
About WestLB Capital Markets
WestLB develops sophisticated structured solutions through a team of highly experienced investment banking and capital markets professionals. WestLB has a long-standing presence in the corporate, structured and asset-backed financing sectors supporting clients' needs with capital commitments, advisory services and innovative financing solutions. The bank's global relationships, coupled with its unique understanding of local economies, industries and cultures, help WestLB bankers consistently deliver high quality advice and service.
About WestLB
WestLB AG is one of Germany's leading financial services providers and offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, private banking, asset management, transaction services and real estate finance. WestLB has total assets of EUR 280 billion, as of September 30, 2007. For more information, please visit www.westlb.com.
In the United States, certain securities, trading, brokerage and advisory services are provided by WestLB's wholly owned subsidiary WestLB Securities Inc., a registered broker-dealer and member of the NASD and SIPC.
(NOTE: 3rd Quarter Earnings Release as of September 30, 2007, distributed
More press on the big plant deal
Ethanex Energy buying Nebraska ethanol plant
Nov 29, 2007 (The Kansas City Star - McClatchy-Tribune Information Services via
COMTEX) -- Ethanex Energy Inc., based in Basehor, Kan., has agreed to buy a 26
million-gallon Nebraska ethanol plant that is expanding to 111 million gallons.
The $220 million deal involves a three-step purchase in the next two years that
ultimately will total $170 million in cash and enough Ethanex shares to make up
the difference.
Purchasing a plant marks a dramatic break from Ethanex's original plan to build
three ethanol facilities when it became publicly traded last year. At the time,
ethanol prices were soaring, and it was cheaper to build new plants than to buy
existing capacity, said Bryan Sherbacow, chief operating officer.
Ethanol can be blended with gasoline and figures to play a prominent part in the
nation's future energy policy. Rapid expansion of ethanol capacity, however, has
pushed down prices despite soaring oil prices and $3-a-gallon gasoline.
"You've had a meaningful change in the industry over the last year and a half,"
Sherbacow said.
"You can acquire cheaper than you can build."
Ethanex plans to add its corn fractionation process to the plant to increase its
efficiency and profitability. The company has pursued fractionation with a goal
of becoming a low-cost producer.
"This facility also will serve as a showcase to demonstrate our fractionation
platform," Ethanex chief executive officer Al Knapp said in the Wednesday
announcement. "We expect that sales of integrated fractionation systems to third
parties will become an additional avenue for our company's growth in the
future."
The agreement with Midwest Renewable Energy LLC is nonbinding and allows Ethanex
to purchase the existing operation for $50 million in cash.
The money will provide equity to allow Midwest Renewable Energy to complete the
expansion, for which it has debt financing and already has done significant
work.
Shares of Ethanex jumped 20 percent following the morning announcement, closing
the day at 24 cents, up 4 cents.
Midwest Renewable Energy is a private enterprise based in Sutherland, Neb.,
which is about a mile from the plant. Its roughly 40 owners are "friends and
family," said Jim Jandrain, a certified public accountant in Omaha.
Jandrain said other owners have the design and construction expertise to do much
of the work themselves.
Their sweat equity allows them to sell in the current market and still get a
"decent deal," he said.
Ten original investors acquired the plant in April 2003 after previous owners
had been foreclosed on by bankers. Jandrain said the group then brought in other
investors.
The plant was built in 1991 but failed to operate at expected levels. It became
the subject of litigation and ultimately forced its builder into bankruptcy.
A second group of owners had been foreclosed on, and the bank ultimately sold
the plant to Midwest Renewable Energy.
Jandrain said the current owners updated technology at the plant in 2004.
Neither Jandrain nor Sherbacow would estimate how much Midwest Renewable Energy
owners would gain of Ethanex from the deal. It will depend on the price of
Ethanex shares when the second and third phases of expansion and the purchase
occur.
Jandrain said he does not expect the deal to involve a controlling share of
Ethanex, partly because Ethanex will need to raise equity to complete the
purchases.
To reach Mark Davis, call 816-234-4372 or send e-mail to mdavis@kcstar.com.
EPA Sets 2008 Ethanol Use Standard
Nov 28, 2007 (financialwire.net via COMTEX) -- November 28, 2007
(FinancialWire) The Environmental Protection Agency has set new renewable fuel
standards which may affect ethanol producers including VeraSun (NYSE: VSE) and
Pacific Ethanol (NASDAQ: PEIX).
The new standard is 4.7% for a federal mandate of 5.4 billion gallons of ethanol
blended into transportation gasoline in 2008. The 2005 Energy Policy Act
requires the EPA to determine a new standard by November 30 of each year, and
the policy will apply to refiners, importers, and blenders of the fuel.
There are set to be increases each year in ethanol standards until the US
reaches a target of 7.5 billion gallons of production in 2012.
More info on the new plant
November 28, 2007 - 8:36 AM EST
Ethanex Energy, Inc. Plans to Acquire 111 Million Gallon Ethanol Plant
Ethanex Energy, Inc. (OTCBB: EHNX), a development stage company planning to engage in the ownership and operation of ethanol plants as well as development and sales of low-cost ethanol production technology, today announced that it has entered into a letter of intent to acquire an ethanol plant located in Sutherland, Nebraska from Midwest Renewable Energy, LLC (MRE).
The facility currently produces 26 million gallons per year (MGY) and is undergoing a two-phase expansion. Each phase is planned to add an additional 42.5MGY of production capacity to the plant, which would bring the plant’s total capacity to 111MGY upon completion. The first phase of the expansion is scheduled to commence operation during the third quarter of 2008, and the second phase is scheduled to become operational in the first quarter of 2009.
“This acquisition will transform our company. It will provide Ethanex with immediate production and revenue at a cost that we believe is below that of building a new facility,” said Al Knapp, President and Chief Executive Officer of Ethanex. “This facility will also serve as a showcase to demonstrate our fractionation platform. We expect that sales of integrated fractionation systems to third parties will become an additional avenue for our company’s growth in the future.”
Ethanex plans to add its integrated fractionation platform to the plant in order to increase efficiency and profitability. Ethanex has developed the fractionation system in collaboration with Buhler, Inc., a technology group and global market leader in grain milling, food processing, chemical process engineering and die casting. Based on the anticipated timing of the acquisition and the planned plant expansion, Ethanex said it expects the fractionation mill would become operational in the third quarter of 2008, in conjunction with the startup of the first phase of the plant’s expansion. Ethanex estimates that the increase in production that will result from the use of fractionated feedstock will allow for increased plant capacity up to approximately 79MGY after the first phase of expansion and to approximately 128MGY when the plant expansion is complete.
Ethanex and MRE have executed a non-binding letter of intent for the purchase of MRE’s ethanol production assets for an aggregate purchase price of $220 million, consisting of $170 million in cash and $50 million in Ethanex common stock. This does not include the cost of the fractionation facility, which Ethanex plans to construct on its own. The letter of intent provides for the acquisition to be completed in three separate transactions. The initial transaction will be the purchase of the current operating assets for $50 million in cash and is anticipated to close in the first quarter of 2008. The second and third transactions will be consummated upon the completion of construction and successful performance testing of the two expansion phases. Ethanex will pay MRE $60 million in cash and will issue $25 million of Ethanex common stock at each of those two additional closings. Ethanex plans to seek third-party debt and equity financing to fund the acquisition and the construction of the fractionation mill (in addition to issuing shares of Ethanex common stock to MRE). The letter of intent states that the acquisition will be subject to satisfactory completion of due diligence by both parties, successful negotiation of mutually acceptable definitive documentation, receipt by Ethanex of equity and debt financing, approvals from both companies’ boards of directors and shareholders, receipt of requisite regulatory approvals and other customary closing conditions.
“We are excited to be working with MRE on this important transaction. The performance results achieved at Sutherland have exceeded industry averages in both energy consumption and production yield,” said Mr. Knapp. “Our companies share a belief that significant efficiencies can be brought to corn ethanol production to make it more environmentally friendly and profitable.”
"We look forward to joining a company of talented individuals that share our vision of efficient, responsible, and successful production of ethanol and unique, value-added by-products," said Jim Jandrain, Chief Financial Officer and board member of MRE. "The complementary technologies within our companies will give us a competitive advantage that is essential in the ethanol industry today and into the future."
In light of the opportunity, size and timing of the MRE transaction, Ethanex will defer efforts to seek financing for the construction of its planned projects in southern Illinois or northeast Kansas. Ethanex said that it expects pre-construction development work to continue at those sites to facilitate the possible financing and construction of the two facilities in the future, contingent upon market conditions.
About Ethanex Energy, Inc.
Ethanex is a renewable energy company whose mission is to be a low cost producer of renewable energy by employing advanced technology in design, construction and operation of ethanol plants. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex, visit www.ethanexenergy.com.
Forward-Looking Statement Disclosure
This press release contains "forward-looking statements," as such term is used in the Securities Exchange Act of 1934, as amended. Such forward-looking statements include those regarding Ethanex’s ability to complete the acquisition of the Sutherland, Nebraska plant, the timing and expected capacity of the planned expansions to the Nebraska facility, plans to construct and integrate Ethanex’s corn fractionation platform with the facility and the anticipated benefits of the fractionation platform. When used herein, the words "anticipate," "believe," "estimate," "intend," "may," "will," "expect" and similar expressions as they relate to Ethanex or its management are intended to identify such forward-looking statements. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties. They are not guarantees of future performance or results. Ethanex's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include: (1) Ethanex may not complete the acquisition of the Nebraska facility on the negotiated terms, within the anticipated timelines or at all, (2) the facility may not expand production to the expected amounts or within the timelines identified, (3) the fractionation platform may not increase the efficiency and profitability of the facility, (4) Ethanex may not be successful in operating the facility, (5) Ethanex may not be successful in obtaining the required financing on reasonable terms or at all and (6) other factors discussed in Ethanex’s filings with the Securities and Exchange Commission. Ethanex undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Ethanex Energy, Inc.
Investors:
Leslie Turner, 843-724-1553
Investor Relations
l.turner@ethanexenergy.com
or
Media:
Bryan Sherbacow, 843-724-1555
Chief Operating Officer
b.sherbacow@ethanexenergy.com
Source: Business Wire (November 28, 2007 - 8:36 AM EST)
News by QuoteMedia
www.quotemedia.com
Ethanex Energy To Buy Nebraska Ethanol Plant
Nov 28, 2007 (financialwire.net via COMTEX) -- November 28, 2007
(FinancialWire) Ethanex Energy, Inc. (OTCBB: EHNX) has entered into a letter of
intent to acquire an ethanol plant in Sutherland, Nebraska from Midwest
Renewable Energy, LLC for $220 million, consisting of $170 million in cash and
$50 million in Ethanex common stock.
The facility currently produces 26 million gallons per year and is undergoing a
two-phase expansion. Each phase is planned to add an additional 42.5MGY of
production capacity to the plant, which would bring the plant's total capacity
to 111MGY upon completion. The first phase of the expansion is scheduled to
begin operation during the third quarter of 2008, and the second phase is
scheduled to become operational in the first quarter of 2009.
Ethanex plans to add its integrated fractionation platform to the plant in order
to increase efficiency and profitability. The company has developed the
fractionation system in collaboration with Buhler, Inc., a technology group
engaged in grain milling, food processing, chemical process engineering and die
casting.
Basehor, Kansas-based Ethanex is a development stage company planning to engage
in the ownership and operation of ethanol plants as well as development and
sales of low-cost ethanol production technology.
The company has branch offices in Santa Rosa, California and Charleston, South Carolina.
Another ethanol startup bites the dust. This should leave more room for Ethanex Energy to run......
Alternative Energy Sources, Inc. Announces Formation of a Special Committee to Evaluate Strategic Alternatives and the Execution of a Letter Agreement
Friday November 9, 5:43 pm ET
KANSAS CITY, Mo., Nov. 9, 2007 (PRIME NEWSWIRE) -- Alternative Energy Sources, Inc. (OTC BB:AENS.OB - News) (the ``Company') announced today that its Board of Directors has formed a Special Committee comprised of W. Gordon Snyder and Douglas D. Wilner to explore and evaluate strategic alternatives aimed at enhancing shareholder value for the Company's non-management stockholders. Strategic alternatives being considered include a possible sale of the Company. The Special Committee has retained the investment banking firm of Christenberry Collet & Company, Inc. to provide independent financial advisory services and has engaged Stinson Morrison Hecker LLP as independent legal counsel. No strategic alternative will be pursued unless it is recommended by the Special Committee.
The Company also announced that the Company and a privately-held company (the ``Potential Acquiror') have entered into a letter agreement to provide financial assurances to the Potential Acquiror for the time and expense incurred in evaluating a possible purchase of the Company. Under the terms of the letter agreement, the Company is free to pursue any strategic transaction including the sale of the company to another acquiror but is required to pay the Potential Acquiror a fee of $500,000 (and reimburse its reasonable expenses up to $500,000) if, within one year, the Company enters into an agreement with respect to a change-of-control transaction with another acquiror. However, that fee would be payable only upon consummation of such a transaction.
The acquisition consideration currently being explored with the Potential Acquiror for the acquisition of shares held by non-management stockholders involves an election to receive either $0.50 per share in cash or a lower cash price per share, together with contingent consideration, the amount of which would be capped and would depend upon the future financial contribution which may be provided by certain assets of the Company. These exploratory discussions also contemplate that the Company's management stockholders would exchange their stock for stock of the Potential Acquiror based on the same valuation that would be used to determine the acquisition consideration for the non-management stockholders.
The Company has not entered into an agreement with the Potential Acquiror providing for the purchase of the Company. There is no assurance that the Company will enter into such an agreement and, if the Company does enter into such an agreement, no assurance can be given as to the amount or form of the consideration to be paid for the shares. There can also be no assurance regarding whether the Board will elect to pursue any other strategic alternatives it may consider, or that any such alternatives will be consummated. The Company does not intend to provide updates or make any further comment until the outcome of the process is determined or until there are significant developments.
About AENS: AENS is a development stage company attempting to construct, own and operate fuel-grade ethanol plants. More information can be found on the Company's website at http://www.aensi.com.
Why is this stock up 16% today? Anybody know?
If the Emerald Renewable Energy builds a plant Jeffrey Energy Center, maybe Ethanex could start a corn bread plant...
Ethanex could be #1 in cornbread!
Ethanol facility raises water concerns
Proposed plant would use more than 365 million gallons per year
By Michael Hooper
The Capital-Journal
Published Wednesday, November 07, 2007
SILVER LAKE — If Kansas grants water rights for an ethanol plant in northwest Shawnee County, farmers won't be able to ask for additional wells in the area, a hydrologist predicted at a public forum Tuesday night.
Carl Nuzman, a consulting engineer hydrologist from Silver Lake, said a local rural water district has applied for permits for up to 1,456 acre feet of water. An acre foot of water is water a foot deep over an acre of land or about 325,851 gallons.
The requests for 1,456 acre feet of water is the same amount currently available through the safe yield policy of the Division of Water Resources at the Kansas Department of Agriculture, said Nuzman, a former employee of the division
Once that reserve is gone, Nuzman said, no additional permits would be allowed in the area.
"We'd be barred" from digging additional wells, he said.
Emerald Renewable Energy, a subsidiary of Cargill, plans to build a $200 million ethanol plant on a 300-acre site near N.W. Landon Road and US-24 highway. The plant would use 1.2 million gallons of water per day, most of it for the cooling towers.
"If we get a seven-year drought and the ethanol plant is still pumping water 365 days per year, the water table would go down tremendously. There could be hardship," Nuzman said.
Nuzman earned his bachelor's degree from Kansas State University and his master's in water resources engineering from The University of Kansas. In addition to his past state employment, he also worked 30 years as chief hydrologist for Layne Western Co., a water developer. He retired in 1997 and lives and farms at Silver Lake.
Nuzman spoke Tuesday during a public meeting that attracted 150 people at Silver Lake High School.
Duane Simpson, vice president of government affairs for the Kansas Association of Ethanol Producers, said ethanol plants recycle most of their water. About three-fourths of the water acquired by a plant is returned to streams, he said.
He said a typical golf course uses 82 million gallons of water per year compared with the Emerald's plan to use more than 365 million gallons per year.
One person suggested a better location for an ethanol plant would be on ground owned by Westar Energy at Jeffrey Energy Center, north of St. Marys.
Simpson, the ethanol lobbyist, said Ethanex Energy, of Basehor, is planning to develop a 132 million gallon per year ethanol plant at Jeffrey Energy Center.
Simpson said investors have told him that only one of the two proposed plants would be constructed. That is because investors believe this area can support only one ethanol plant.
Simpson said construction costs of ethanol plants have doubled in the past year. He said some investors who haven't started construction on their projects have taken their money off the table and are walking away.
On the other hand, he said, some projects are moving forward. An ethanol plant in Pratt just opened, he said.
Richard Johnson, an opponent of the Emerald ethanol plant near Topeka, said 650 people have signed a petition opposing the proposed facility.
Emerald is waiting for approval of its air permit from the Kansas Department of Health and Environment
POET: 'Financing New Ethanol Projects Not A Problem For The Industry-
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Refer to a friend
Future home of POET Biorefining
2007-10-29 15:03:27 -
Financing new ethanol projects is not big problem for the ethanol industry according to the Vice-President of Research and Development at U.S. ethanol producer POET, Dr. Mark Stowers. Capital market may have become tight earlier this year and the fact that profit margins are under pressure has resulted in an increasing number of shelved projects, but according to Dr. Stowers
'there is still enough financing available for good projects that make sense.-
'From our own perspective, we currently have about 6 projects that are under construction and several others under development. Financing these projects is built around maybe three different aspects. One is having a performing technology that gives us a low cost position. Second is having the construction capabilities to build very efficient plants and then the third piece is having the management team able to manage up to 21 plants. I think it is our competitive position that makes financing easier.-
Dr. Stowers commented on several issues facing the U.S. ethanol industry at the moment, in an interview with Ethanol Statistics this week. He expressed his vision on the market, discussing the E10 blend wall in the U.S., the maximum corn-ethanol production capacity, financing issues and current market conditions. He explains why POET isn't concerned about what's happening to the industry at the moment, based on the efficiency of all its processes, from building plants in under a year to yielding close to 3 gallons of ethanol per bushel. POET is 'ahead of the industry-, according to Dr. Stowers.
The entire interview, titled ‘POET's Vision on U.S. Ethanol', can be found on
Form 10QSB for ETHANEX ENERGY, INC.
--------------------------------------------------------------------------------
24-Oct-2007
Quarterly Report
Illinois Greenfield Opportunity
We acquired 175 acres of land for the site on June 25, 2007 for approximately $1.3 million. We have obtained the necessary environmental permit to construct and operate the facility utilizing a natural gas boiler. We have applied for an environmental permit to operate a biomass boiler and anticipate the permit will be issued in the fourth quarter of 2007. In addition, we expect to obtain a final engineering, procurement and construction bid in the first quarter of 2008. Our ability to begin construction of this project, however, is dependent on obtaining adequate financing.
Sent them an email...weeks ago....just got this response today......
Thank you for your interest in Ethanex Energy.
Ethanex is continuing the development of its sites in Illnois and Kansas. Construction of both sites is contingent upon the company successfully arranging sufficient financing.
As previously announced, Ethanex is currently working with our bank advisors on the near-term financing of the Illinois facility with the objective of commencing construction during the first half of 2008.
Thank you.
Leslie Turner
ethanex energy
18 North Adgers Wharf
Charleston, SC 29401
Hey guy's... Pretty quiet board, guess thats because of the long and painful decline since March 2007. Sorry for the drop, I'm sure it hasn't been a fun ride, but thats exactly what brought it to Top Gun Tradings attention.
I received an alert on this, then after looking at the charts felt it was well oversold and over-due for at least a bounce, if not a correction/reversal. We decided to climb on board, along with several of our members, this past Thursday.
It may not turn right away, but from what I can see it appears very close. The RSI is not below oversold limits, but historically this stock does not like to drop below 25, which is why we got in now, instead of waiting for it to decline further. Also, the MFI is WELL below its oversold levels, having dropped below 25, which has ALWAYS been followed by substantial climb up.
We are not "Investors" of Ethanex Energy Inc., we are merely traders. We look for stocks that have declined to oversold levels and merely play the bounce, so hopefully you will all be seeing at least some sort of rise in the coming week.
Good Luck!!!
Help me out please....what do you mean by double bottom?
double bottom?....08 should bring progress to the pps once financing closed on the first plant imo.
What about the two other plants talked about?
What about bringing the low cost technology to other
ethanol producers and charging a fee? Is that happenning and
any progress being made? Thanks
Waltonville asked to annex new ethanol plant
Mt. Vernon would then provide water to the facility
By TESA CULLI
tesa.culli@register-news.com
WALTONVILLE — The question of who will provide water to the Ethanex ethanol plant slated for construction in Waltonville is now being answered, according to village president George Gifford.
“We’ve received the application from Ethanex to be annexed into the village, and now we’re waiting on a plat of the ground to move forward,” Gifford said. “I’ve spoken with the engineers in Carlyle working on that.”
Questions about who would provide the 1.5 million gallons of water per day needed by the plant arose because part of the plant is located in the village limits, while the portion of the plant which will create the ethanol is located outside the limits in the county. Rend Lake Conservancy District owns a water main which runs across the road from the proposed Ethanex site, and would have been responsible for providing water to the parts of the plant outside village limits, according to information discussed at prior RLCD board meetings.
Those areas within the village limits receive water from Mt. Vernon, according to a contract the city has with RLCD, Mt. Vernon City Manager Ron Neibert said.
“We’ve had some meetings regarding line upgrades to supply the water to the plant,” Neibert said. “We’re now exploring financing to do that. We can supply Ethanex with 1 mgd for them to open, and are working with RLCD, Greater Egypt Planning Commission and the [Jefferson County Development Corporation] on that issue.”
Neibert said in the estimated 12 to 18 months the plant is expected to be under construction, the water line upgrades can be completed.
“When they get ready to open their doors, everything will be in place,” Neibert predicted.
Ethanex Chairman Bob Walther said Tuesday construction on the plant, on a 169 acre site just off Hirons Street in the village, is expected to begin about April 2008 — six months later than originally estimated.
“The delay has been precipitated by engineering work,” Walther explained. “Our engineering provider has been inundated with work and they had no manpower to complete our work. We now have contracts in place to complete the work on deadline. Unfortunately, sometimes you can’t control everything.”
When completed, the plant will produce 132 million gallons of fuel-grade ethanol per year, according to information from Ethanex. In addition to the ethanol, the plant will produce 195,500 tons of high protein feed for poultry, swine and cattle and 15,000 tons of food grade corn oil annually.
During the construction phase of the facility, it is expected that about 400 jobs will be created and once operational, about 55 plant jobs will be available, according to information from Ethanex.
Financing for the plant is “doing well,” Walther reported.
“We have the debt program in place and we’ll be going to the equity market after the first of the year,” Walther said. “We want to do that near the start time of construction. ... We don’t want to put substantial amounts of equity in place and not have the project that substantially completed, which is why we are waiting until the first of the year.”
Companies exploring joint ethanol operation (Local News ~ 09/28/07)
SEMO Milling and Ethanex Energy Inc., might still partner up to build an ethanol plant, despite a "termination" of an earlier partnership, an Ethanex spokeswoman said Thursday. The statement came two days after the Missouri Department of Natural Resources issued an air permit to a company listed on the permit as Ethanex of SEMO The company is organized as Ethanex at SEMO Port LLC, according to filings with the Missouri Secretary of State, and is owned by Ethanex Energy Inc. ...
Ethanex receives permit for SEMO ethanol plant
Thursday, September 27, 2007
By Matt Sanders ~ Southeast Missourian
The Missouri Department of Natural Resources has granted a permit to Ethanex at Semo (Port) to construct a 138.6 million gallon per year ethanol plant at 261 River Road, the same address as the offices of SEMO Milling, a corn milling company that was in partnership to build the plant with Ethanex.
But in May, SEMO Milling President and CEO Bob Smallwood said the two entities were no longer working together on the project, and SEMO Milling would pursue other ways of going into the ethanol business. Smallwood said those things on May 1.
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On May 9 Ethanex at Semo completed its application for a construction permit with DNR, the same permit that was approved this week.
The Southeast Missourian is attempting to reach officers of SEMO Milling and Ethanex Energy, Inc., believed to be the parent company of Ethanex at Semo listed on the DNR permit.
Its been a month......Quiet Board.... Anything happening in your EHNX part of the world? Has everyone bought in @ this LOW price.....??? Lets hear some chitter chatter....Hopefully positive....Breaking ground in the dead of winter??? ...Does that seem feasible? Im in Florida>>>>
I'm still keeping a very close eye on things, as of this time they are saying they should be breaking ground to begin construction this fall, most likely December. I will definitely update any changes.
cta751, Keep us updated on the Plant and when they break ground. Knowing if construction has started on the plant site will tell us alot a about the validity of this compnay and signal to me to buy more at these low prices.
I'm not in yet, still keeping a close watch on it though. I'm waiting to see if they break ground on their IL facility, looks to be a go but I feel the start of construction will be the determining point for me.
I'm in this stock. It's taking a little dip lately, but there's been a good deal of consolidation, and the stock looks poised for a rebound imo.
I'm close to the Waltonville location. The local papers here have been doing a fair job of posting stories on the progress of the plant. Posted below are the links to both local papers, both have search areas, type in Ethanex and you get all they have printed on it. Some have been in PRs and some haven't.
http://www.register-news.com/
http://www.morningsentinel.com/Current/Front_Page/
I've also been doing my best to drive by the area where they plan to build every week or so to see if anything has changed, so far nothing, but it looks like they are still working on a solution for water for the plant. The supply is available and the water treatment plant can provide it, just a small snag right now in the size of the mains needed to carry it.
The local word is that they have already purchased the ground, I've not checked county records to confirm that but I can do that easy enough, just haven't taken the time yet to do it.
If anything major pops I will be sure to post it.
I've been watching this stock quite awhile myself. I live in Paducah, Kentucky which is fairly close to two of the proposed plants. I personally don't think the one in Cape Girardeau will ever be built. I am waiting anxiously to see if the plant in Waltonville begins construction within the next couple of months. I am already in for 500 shares at more than twice the current price and will buy 500 more if the Illinois plant begins construction. However, because Ethanex has been misleading in the past concerning it's finances and it's construction schedule, I will actually have to see the plant being built before I invest another penny. I won't expect a return on my investment for at least two years.
I've been watching this for awhile now, determining when and where to get in at. One of the plants they have in the works is about 10 miles from my house. I figure if it is another scam ethanol stock I should know real quick, if it's not I should be able to keep track of how fast they are moving. Plus I get a ton of info on it from the local papers.
If it does go, potential could be huge here.
I have added this to my portfolio at/around 1.00. I think this is a great long term investment and a great time to buy. Do your research and I think you will agree. They are going to put a foothold into a efficient ethanol production. Actually, they are already in the process of building the plants. I dont think Ethanol is the long term answer to our energy needs, but its what we got now to reduce our dependcy on foreign oil. Thats why I think this stock has a great potential over the next couple of years.
Does anyone agree or what is you opinion? Im interested to hear others thoughts.
Stay tuned. Perhaps we'll have a ninth amendment in two or three weeks.
What compensation if any will be awarded to investors who saw their stocks drop as a result of 3,000,000 shares illegally entering the market? Perhaps authorities will recover the 17 million already stolen, reap tremendous penalties from civil suits and divide the money among shareholders. Reckon.
Ethanex Energy, Inc. Reports Disclosure by Outside Legal Counsel Relating to Trading Activity in Its Common Stock
2:14p ET February 28, 2007 (Business Wire)
Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, today announced that it has learned of potential unauthorized trading of certain shares of its common stock through accounts allegedly controlled by a former partner of a law firm that has represented Ethanex.
The Company said that the lawyer, Louis Zehil, who was a partner at McGuireWoods, LLP, is alleged to have acquired control of 3 million shares of the Company's common stock and warrants to purchase an additional 3 million shares as part of an August 2006 private placement by the Company of 20 million shares of common stock and 20 million warrants. The Company has been advised by McGuireWoods that some or all of the shares alleged to have been under Mr. Zehil's control were issued without a required restrictive legend and that 3 million of those shares were subsequently traded in violation of applicable securities laws.
Mr. Zehil is no longer acting for the Company. McGuireWoods, which has served as the Company's regular outside securities and corporate counsel, has advised the Company that Mr. Zehil is no longer a partner with that firm and that the firm has reported the matter, as well as similar matters involving six other companies, to the Securities and Exchange Commission. According to an Associated Press report, the SEC today filed a securities fraud lawsuit in New York City against Mr. Zehil and entities he is alleged to control in connection with these matters.
The Company has initiated a review of these matters and has retained Kirkland & Ellis LLP to assist it. In addition, the Company is in the process of transitioning its outside legal representation.
The Company has on file with the SEC a registration statement on Form SB-2 covering the resale of up to 41 million shares of its common stock (including 18.5 million shares covered by warrants), including shares owned by entities alleged to have been controlled by Mr. Zehil. The registration statement has not been declared effective, and the Company is working to determine the relevant facts so that it can amend the registration statement as necessary.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE: Ethanex Energy, Inc.
Ethanex Energy, Inc. Bryan She
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20021 / February 28, 2007
SEC v. Louis W. Zehil, et al., Civil Action No. 07CV1439 (LAP) (S.D.N.Y.)
SEC Charges Corporate Attorney With Securities Fraud and Obtains Asset Freeze
The Securities and Exchange Commission announced today that it filed an injunctive action in United States District Court for the Southern District of New York alleging that from approximately January 2006 to February 2007, Louis W. Zehil ("Zehil"), a corporate attorney, and two entities he controlled, Strong Branch Ventures IV LP ("Strong") and Chestnut Capital Partners II, LLC ("Chestnut"), engaged in a fraudulent scheme to obtain and sell to the investing public millions of shares of securities in violation of the antifraud and registration provisions of the federal securities laws. With the consent of the parties, Judge Preska entered an order granting a preliminary injunction, an asset freeze, the appointment of a receiver and other relief.
Zehil, age 41, was until recently a partner with the law firm of McGuireWoods LLP. Zehil is a resident of Ponte Vedra Beach, Florida and worked at the firm's offices in New York, New York, and Jacksonville, Florida.
The Complaint alleges that between January 2006 and February 2007, Zehil represented seven public companies in issuing their stock in PIPE transactions (private investments in public equity). The seven public companies were Gran Tierra Energy, Inc., Foothills Resources, Inc., MMC Energy, Inc., Alternative Energy Sources, Inc., Ethanex Energy, Inc., GoFish Corp., and Kreido BioFuels, Inc. At all relevant times, their common stock was registered with the Commission and quoted on the OTC-BB. In these PIPE transactions (as in PIPEs generally), the investors purchased restricted stock at a discount to market price.
The Complaint also alleges that Zehil personally invested in the issuers' PIPE transactions through Strong and Chestnut. In the subscription agreements for each PIPE transaction, the Defendants agreed (as all the PIPE subscribers did) that the shares they received would be issued with restrictive legends until such time as the issuers filed registration statements with the Commission and the Commission declared them effective. As counsel for the issuers, Zehil then sent letters to the issuers' transfer agents directing the issuance of shares to the PIPE subscribers. Zehil's letters instructed that all the shares should bear restrictive legends except the shares issued to his entities, Strong and Chestnut. Zehil's letters stated, falsely, that the shares issued to Strong and Chestnut satisfied legal criteria to be issued without restrictive legend. As a result of their fraudulent conduct, the Defendants were able to receive shares without restrictive legends, which they quickly sold into the public market, and generated illicit profits of at least $17 million
The complaint charges Zehil, Strong and Chestnut with violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
The Court granted, among other relief, a preliminary injunction order which included an asset freeze and the appointment of a receiver over Strong and Chestnut. In its enforcement action, the Commission is seeking additional relief, including orders permanently enjoining Zehil, Strong and Chestnut from committing future violations of the foregoing federal securities laws, and a final judgment ordering Zehil, Strong and Chestnut to disgorge ill-gotten gains, and assessing civil penalties.
Ethanex to Present at Ethanol Finance & Investment Summit
Last update: 2/15/2007 8:30:27 AM
BASEHOR, Kan., Feb 15, 2007 (BUSINESS WIRE) -- Ethanex Energy, Inc. (EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, announced today that it will be presenting at the Ethanol Finance & Investment Summit Conference being held in New York City from March 19-21. Mr. Al Knapp, President and Chief Executive Officer, will be participating in the panel discussion on EPC contracting issues in the current market.
The Summit brings together leading producers, investors, lenders, EPC contractors and others in the ethanol finance & investment community. The keynote speaker will be Thomas C. Dorr, Under Secretary for Rural Development at the U.S. Department of Agriculture.
Ethanex Energy participation at the Ethanol Finance & Investment Summit Partners Growth Conference:
Where: Marriott Financial Center New York, New York 10036When: Tuesday, March 20, 2007 11:00 a.m. Eastern TimeConference Website:
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex is currently developing three 132 million gallon ethanol facilities incorporating the Company's proprietary corn fractionation technology. Delta-T Corporation is providing back-end ethanol processing technology and engineering support and Chevron Energy Solutions (CES), a Chevron Corporation (CVX) subsidiary is the EPC contractor. Initial production from the plants is expected by the end of 2008. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit .
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE: Ethanex Energy, Inc.
Ethanex Energy, Inc.Bryan Sherbacow, 843-724-1555Chief Operating Officerb.sherbacow@ethanexenergy.comorInvestor Relations:Strategic Growth InternationalJennifer K. Zimmons, Ph.D., 212-838-1444jzimmons@sgi-ir.com
Copyright Business Wire 2007
MORE NEWS!
Ethanex Energy and TrinityRail Enter Railcar Agreement
Business Wire - January 12, 2007 08:30
BASEHOR, Kan., Jan 12, 2007 (BUSINESS WIRE) -- Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, announced today that it has entered into an agreement with TrinityRail, the rail related businesses of Trinity Industries, Inc., for the supply of Ethanex's railcar requirements and rail transportation management related services required by Ethanex's three facilities located in Missouri, Illinois and Kansas.
Under the terms of the agreement TrinityRail will construct and lease to Ethanex 920 - 6,351 cu.ft. covered hopper DDG cars and 1,050 - 30,145 gal. tank cars for delivery beginning in the fourth quarter of 2007 and ending in the fourth quarter of 2008. TrinityRail will also provide railcar fleet management services including regulatory compliance, maintenance and repairs.
"TrinityRail was able to meet Ethanex's plant requirements in a very tight railcar market," said Al Knapp, President and Chief Executive Officer of Ethanex. "Ethanex looks forward to a long relationship with TrinityRail as our business continues to grow."
About TrinityRail
TrinityRail is the largest volume producer of freight and tank railcars in both the United States and Mexico. Plants in the United States and Mexico manufacture a full line of railcars, including tank cars, hoppers, box cars, gondolas, intermodal cars and auto carriers as well as railcar components. Trinity owns, manages or has interest in more than 80,000 railcars in North America. Trinity is also the largest North American manufacturer of railcar axles and coupling devices. For more information about Trinity Rail, visit www.trinityrailcar.com.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Ethanex Energy and Eco-Energy Sign Ethanol Offtake Agreement
Business Wire - January 04, 2007 08:30
BASEHOR, Kan., Jan 04, 2007 (BUSINESS WIRE) -- Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, announced today that it has entered into an agreement with Eco-Energy, Inc. for the marketing of its ethanol production. Under the terms of the agreement Eco-Energy shall purchase Ethanex's entire output of ethanol for a minimum of five years at prevailing market prices as well as provide certain transportation and logistics services.
Eco-Energy is the largest independent ethanol marketer in the United States selling into every blending location in the country. Consistently ranked in the top three ethanol suppliers to the petroleum industry Eco-Energy will provide the marketing services necessary for Ethanex's production facilities to maximize their return on investment.
"Eco-Energy seeks to align itself with companies that bring competitive advantages to the ethanol industry through location, cost or technology to ensure long-term viability and success of the relationship," said Andy Sallee, Chief Operating Officer for Eco-Energy, Inc. "Eco-Energy is pleased to have entered a long-term ethanol marketing agreement with Ethanex Energy, Inc. We believe Ethanex's model will allow them to remain a very competitive, long-term supplier as the ethanol industry continues to grow. Further, these facilities will help Eco-Energy enhance its ability to ship from multiple locations."
"We believe that Eco-Energy's non-pooled marketing program and exceptional access to ethanol end users is the best solution to leverage Ethanex's strategic plant locations," said Al Knapp, President and Chief Executive Officer of Ethanex. "This relationship represents another key building block that we have secured in our first 120 days as a public company. We look forward to an eventful 2007."
About Eco-Energy, Inc.
Eco-Energy, Inc. is a leading energy and chemical marketing and trading company with offices in Franklin, TN and Los Angeles, CA. The company was founded in 1992 and has established an excellent reputation serving clients in the petroleum, renewable fuels and chemicals industries. Eco-Energy's mission is to serve ethanol, bio-fuel, chemical producers and end users. Our goal is to provide producers with reliable outlets at the highest economic values. Our objective with end users is to be dependable, provide supply at competitive market prices and to be creative to meet the customer's demand schedule and logistics requirements.
Ethanol was one of the first commodities Eco-Energy traded and continues to be the largest share of our business. We maintain excellent relationships with ethanol producers and major ethanol end users. We specialize in adding value through freight advantages, trade flexibility and creativity. Eco-Energy services the entire United States maintaining storage in strategic locations for local supply and back-up storage. For more information about Eco-Energy, visit www.eco-energyinc.com.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE: Ethanex Energy, Inc.
Ethanex Energy Announces FCStone Relationship
10:31a ET December 28, 2006 (Business Wire)
Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, announced today that it has selected FCStone to provide risk management services with respect to grain origination, energy, transportation as well as commodity procurement and sales for its three ethanol plants. Additionally, FGDI, LLC, a subsidiary owned by FCStone and Mitsubishi, will execute physical grain origination and logistical support for the Northeast Kansas plant.
FCStone will combine its experience as one of the world's largest grain traders with futures and options market strategies to help Ethanex mitigate its exposure to commodity price volatility and maximize profit margins. As the largest independent risk management firm in renewable fuels, FCStone brings over 75 years of experience in local and global commodity markets and is a recognized innovator in commodity risk intelligence.
"FCStone will help Ethanex maximize operating profitability, expand merchandising efforts and manage multiple risks," said Al Knapp, President and Chief Executive Officer of Ethanex. "As we prepare for Chevron's commencement of construction in the first quarter of 2007, we simultaneously continue to enhance our operational capabilities. As Ethanol industry service providers become increasingly selective we are pleased that Ethanex continues to attract leading companies such as FCStone."
"FCStone is pleased to have been chosen to support and enhance Ethanex's competitive advantages," said Peter J. Nessler Jr., Vice President, Renewable Fuels Group FCStone, LLC. "I have great respect for what Al Knapp accomplished at TIC and look forward to helping him continue to be a leader in the ethanol space."
About FCStone
FCStone is a broad-based commodity risk management and trading company headquartered in Des Moines, Iowa with 13 offices in the U.S., plus four international locations. The FCStone Renewable Fuels Group is a major force in the ethanol industry. By 2006, our group will provide risk management for over 1 billion gallons of ethanol and over 400 million bushels of corn. This accounts for over 20% of the total ethanol produced in the United States. Due to our large presence in the ethanol market, we have a vast knowledge of the over all ethanol industry. Our group utilizes cash, futures and over-the-counter (OTC) products to help minimize risk and maximize margins for our ethanol customers.
FCStone's Renewable Fuels Group currently works with ethanol plants which have capacity sizes ranging from 20 million gallons to 110 million gallons. Our Renewable Fuels Group closely monitors ethanol margins for customers through an Integrated Risk Management Program (IRMP) specifically tailored to their needs. For more information about FCStone, visit www.fcstone.com.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE: Ethanex Energy, Inc.
THE IMPORTANT PART OF MY PREVIOUS POST:
The tests produced greater than 22% higher ethanol yields per unit of feedstock compared to standard whole kernel corn fermentations.
Press Release Source: Ethanex Energy, Inc.
Ethanex Energy Announces Successful Fractionation Tests
Monday December 18, 8:00 am ET
BASEHOR, Kan.--(BUSINESS WIRE)--Ethanex Energy, Inc. (OTCBB: EHNX - News), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, announced today the successful completion of commercial scale pilot plant testing of its proprietary fractionation feedstock technology at the National Corn to Ethanol Research Center (NCERC) at Southern Illinois University at Edwardsville. The tests produced greater than 22% higher ethanol yields per unit of feedstock compared to standard whole kernel corn fermentations.
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"The fermentation data indicated extremely positive results with the highest ethanol production we have seen," stated David Ellis of Ethanol Technology Inc., the NCERC consultant responsible for the tests' fermentation management. "The fractionated grain from the Ethanex process outperformed the theoretical yields calculated in the lab at Ethanol Technologies."
"We are very pleased with the unprecedented results of our testing at NCERC," stated Al Knapp, President and Chief Executive Officer of Ethanex. "Ethanex continues to deliver on its promise to become the industries low cost producer."
The week long trials utilized Ethanex's fractionated corn feedstock generated at Satake USA Inc.'s Houston, Texas testing facilities. Satake is the manufacturer of the degermer machines utilized in Ethanex's fractionation process. Tests utilized full sized equipment run at full capacity. Sixteen independent tests were conducted with resultant data clearly demonstrating stability and repeatability.
The NCERC trials utilized the same ethanol production process that is used in standard dry-grind ethanol plants to convert non-fractionated or whole kernel corn to ethanol. Ethanex's fractionated feedstock did not produce any relevant processing difficulties in the areas of cook/liquefaction, fermentation or distillation. The resultant co-product DDG demonstrated superior material handling characteristics with high granularity and resultant flowability. Further testing is scheduled to verify a near doubling of protein content relative to industry standard DDGS.
About Ethanol Technology Inc.
Ethanol Technology Inc. is a leading supplier of fermentation ingredients, technical support and education to the fuel ethanol, distilled beverage, and industrial alcohol industries. Based in Milwaukee, Wisconsin, Ethanol Technology has research facilities in Montreal, Quebec. Ethanol Technology Institute carries on a tradition of industry education that began in 1980. It presents the annual Alcohol School and publishes The Alcohol Textbook and Alcohol Times newsletter. For more information about Ethanol Technology Inc., visit www.ethanoltech.com.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Take a peek at this news that just came out on MARKET WIRE, but failed to include the ticker sybol of the company they discussed (Ethanex Energy, Inc - EHNX.ob)
US Military Taps Publicly Traded Ethanol Tech Firm for New Energy Strategy
BALTIMORE, MD -- (MARKET WIRE) -- December 14, 2006 -- On February 19, Ethanex Energy, Inc. will meet with top military brass to come up with a way to help the DOD meet the responsibilities of the Energy Policy Act. And according to one analyst, this could result in a massive spike in the company's share price.
"Ethanex has developed a fractionation technology that allows for the production of nearly 20% more ethanol without adding a dime to water or energy costs. So huge, Chevron is working with the company on the development of new ethanol plants, and the DOD (the single largest consumer of energy in the US) has asked Ethanex to help with its new energy strategy."
The oppoortunity to buy is getting better everyday. I think it will get even better.
Hello, I recently started building a position in Ethanex. And thought I'd drop by this board. I think there's a real opportunity to buy in to this company today.
Do you think we'll have to wait until 2008 before this stock begins to rise again?
Wonder how how it will/can go....
hope to see you also at the 911 MEMORIAL board tomorrow
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